Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of Platform Specialty Products Corp (NYSE:PAH) by 19.7% in the first quarter, Holdings Channel reports. The fund owned 14,039 shares of the specialty chemicals company’s stock after selling 3,442 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Platform Specialty Products were worth $142,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PAH. Vaughan Nelson Investment Management L.P. boosted its holdings in Platform Specialty Products by 30.7% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 4,061,185 shares of the specialty chemicals company’s stock worth $41,952,000 after acquiring an additional 953,810 shares during the period. Comerica Bank boosted its holdings in Platform Specialty Products by 40.9% in the 4th quarter. Comerica Bank now owns 550,282 shares of the specialty chemicals company’s stock worth $6,026,000 after acquiring an additional 159,627 shares during the period. Locust Wood Capital Advisers LLC boosted its holdings in Platform Specialty Products by 30.5% in the 1st quarter. Locust Wood Capital Advisers LLC now owns 2,844,150 shares of the specialty chemicals company’s stock worth $28,726,000 after acquiring an additional 665,138 shares during the period. D. E. Shaw & Co. Inc. purchased a new position in Platform Specialty Products in the 4th quarter worth approximately $2,406,000. Finally, Geode Capital Management LLC boosted its holdings in Platform Specialty Products by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 2,176,940 shares of the specialty chemicals company’s stock worth $22,487,000 after acquiring an additional 167,650 shares during the period. 94.50% of the stock is owned by institutional investors.

Shares of PAH traded up $0.24 during trading on Wednesday, reaching $10.32. The company’s stock had a trading volume of 3,197,436 shares, compared to its average volume of 2,451,152. The company has a quick ratio of 2.00, a current ratio of 2.19 and a debt-to-equity ratio of 2.55. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 4.42 and a beta of 2.59. Platform Specialty Products Corp has a twelve month low of $9.09 and a twelve month high of $13.54.

A number of equities analysts have issued reports on the company. UBS Group set a $14.00 target price on Platform Specialty Products and gave the company a “buy” rating in a research report on Tuesday, January 29th. Zacks Investment Research raised Platform Specialty Products from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Wednesday, January 30th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Platform Specialty Products has an average rating of “Hold” and a consensus target price of $13.00.

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Platform Specialty Products Company Profile

Platform Specialty Products Corp. engages in the provision of technology chemical products and technical services. It operates its business through the Performance Solutions and Agricultural Solutions segments. The Performance Solutions segment formulates and markets chemistry solutions that are used in production, commercial packaging and printing, electronics, and oil and gas production and drilling.

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Institutional Ownership by Quarter for Platform Specialty Products (NYSE:PAH)

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